NOT LISTED FOR SALE

Estimated Value: $2,154,970 - $3,242,000

3 Beds
2 Baths
1,120 Sq Ft
$2,513/Sq Ft Est. Value

Last Sold February 14, 2012

Last sale price $989,000 $883 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $16,407/month

42 Days on Market

Highlights

  • Property has ocean access
  • All Bedrooms Downstairs
  • Cathedral Ceiling
  • Newport Elementary School Rated A
  • Ocean Side of Freeway
  • Wood Flooring

About This Home

As of February 2012

Located in exclusive Lido Sands this mid century modern property was designed by A. Quincy Jones. This quintessential single story beach home is turn- key, recently remodeled with designer finishes, and is filled with natural light. The home has 3 bedrooms, 2 baths, a oversized garage, professionally landscaped and sits on a huge lot. Lido Sands is a hidden gem with private guest parking, clubhouse, and a salt water pool, & private walkways / stradas that extend the length of the community. The home is only 4 homes from the oceanfront strand and Newport's best beaches. www.4816riveravenue.com

Last Agent to Sell the Property

Christopher Parr

eXp Realty of Southern Ca, Inc License #01272772 Listed on: 09/05/2011

eXp Realty of Southern Ca, Inc

Last Buyer's Agent

Heather Saito

Compass License #01158918

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,208

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 4,520 Sq Ft Lot
  • Lot Dimensions are 40x113

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Side Facing Garage
  • Guest Parking

Home Design

  • Turnkey
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • Wainscoting
  • Cathedral Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • French Doors
  • Great Room with Fireplace
  • Combination Dining and Living Room
  • Home Security System

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Full Bathrooms

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Freeway
  • Patio

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 41
  • Tax Tract Number 3162
  • Assessor Parcel Number 11421140

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,208

Year Built

Built in 1957 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-293-2395
  • Property Attached: No
  • Security: Security System
  • Subdivision Name Other: West Newport Beach
  • View: No
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 11421140
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Recessed Lighting, Wainscoting
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Eating Area: In Living Room
  • Fireplace Features: Great Room
  • Levels: One
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Patio: Yes
  • Fence: No
  • Pool Features: Community
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Direct Garage Access, Guest, Garage Faces Side
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Underground Utilities
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 85.00
  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size: 40x113
  • Lot Size Sq Ft: 4520.00
  • Lot Size Acres: 0.1000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4520.0000 Square Feet
  • Waterfront Features: Beach Access, Ocean Access, Ocean Side of Freeway

Tax Info

  • Tax Lot: 41
  • Tax Tract Number: 3162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2011
Closed on
Mar 29, 2012
Sold by
Davitt Vincent and Walker Monica
Bought by
Davitt Vincent J and Walker Monica J
Seller's Agent
Christopher Parr
eXp Realty of Southern Ca, Inc
Buyer's Agent
Heather Saito
Compass
List Price
$1,395,000
Sold Price
$989,000
Premium/Discount to List
-$406,000
-29.1%
Current Estimated Value
$2,814,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,825,493
Avg. Annual Appreciation
8.37%
Original Mortgage
$100,000
Interest Rate
3.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 5, 2011
Closed on
Dec 28, 2011
Sold by
City Surf Management Group Llc
Bought by
Davitt Vince and Walker Monica
Seller's Agent
Christopher Parr
eXp Realty of Southern Ca, Inc
Buyer's Agent
Heather Saito
Compass
List Price
$1,395,000
Sold Price
$989,000
Premium/Discount to List
-$406,000
-29.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 15, 2007
Sold by
Russell Mark S
Bought by
City Surf Management Group Llc

Purchase Details

Closed on
Aug 23, 2005
Sold by
The Hart Lilly Trust
Bought by
Russell Mark S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.81%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 8, 1994
Sold by
Lilly Jerry Ann and Hart Ermina A
Bought by
Hart Ermina and Lilly Jerry
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Davitt Vincent J -- None Available
Davitt Vince $989,000 Lawyers Title Co
City Surf Management Group Llc -- None Available
Russell Mark S $1,250,000 Chicago Title Co
Hart Ermina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davitt Vincent J $334,736
Closed Davitt Vincent J $348,600
Closed Davitt Vince $100,000
Previous Owner Davitt Vince $417,000
Previous Owner Russell Mark S $200,000
Previous Owner Russell Mark S $987,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2012 02/14/12 Sold $989,000 -10.0% $883 / Sq Ft
09/27/2011 09/27/11 Price Changed $1,099,000 -12.0% $981 / Sq Ft
09/26/2011 09/26/11 Price Changed $1,249,000 -10.7% $1,115 / Sq Ft
09/08/2011 09/08/11 Price Changed $1,399,000 +0.3% $1,249 / Sq Ft
09/05/2011 09/05/11 For Sale $1,395,000 -- $1,246 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,208 $1,242,233 $1,172,470 $69,763
2024 $13,208 $1,217,876 $1,149,480 $68,396
2023 $12,897 $1,193,997 $1,126,942 $67,055
2022 $12,681 $1,170,586 $1,104,845 $65,741
2021 $12,439 $1,147,634 $1,083,182 $64,452
2020 $12,319 $1,135,867 $1,072,075 $63,792
2019 $12,068 $1,113,596 $1,051,054 $62,542
2018 $11,829 $1,091,761 $1,030,445 $61,316
2017 $11,620 $1,070,354 $1,010,240 $60,114
2016 $11,361 $1,049,367 $990,431 $58,936
2015 $11,253 $1,033,605 $975,554 $58,051
2014 $10,988 $1,013,359 $956,445 $56,914
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U11003817

California Regional Multiple Listing Service (CRMLS)

APN: 114-211-40